We are dealing in the property business for twenty-eight years and have earned a great respect from our customers. The property investment is one of the smartest investments at the present time for everyone. The growth ratio is growing drastically every year and with our guidance the best option can be easily available to all the consumers.
This post is sponsored by AVIA Condo
When we think of investment the only idea comes to our mind is to invest in stock, shares, bonds and equity shares. The tradition has changed at the present time which has motivated people for the different sector. In this era, people are ready to invest in properties, farm house, apartments, duplex, and agriculture as well.
Real estate has become a good investment option due to good construction quality, transparency and availability of good designs. It has proved its growth in the last couple of years and became a good asset class these days for each group of people. It provides the surety of stable income and higher returns year by year with the probability of principal amount appreciation. The residential properties are bouncing back with huge returns and benefits. But there is a downfall in commercial properties which is going to recover very soon.
One industry which is booming from the last few years is condo industry, it was showing growth over growth every year 20,000 plus condos sold each year. Few good project sell out with in hours, days or weeks.
In India, the market value of under construction commercial property value has grown from 69.4 billion dollars to 101.2 billion dollars. It has become 8.2 percent GDP of India in 2009. The main value of this portion is involved in development and construction cost of Real Estate. The total cost has been analyzed 48.5 billion approximately over the period of two – three years.
The commercial sector covers around 74% and 34.8 billion market value of a commercial property which is under construction. The Tier I cities like Delhi, Mumbai, Bangalore contribute under construction commercial property which is about 70 % of the commercial space. The Tier II cities like Kolkata, Hyderabad, Pune, and Chennai covers 21% of the remaining area and 9% goes to remaining area of Tier III cities.
There is a growth in the development of Tier III cities by focusing on infrastructural developments and lower estate costs. Some contribution has been made by Tier I and Tier II cities as well in this area of growth of Tier III cities.
The under construction residential property value is 66.5 billion which adds 66% of the value to real estate in India. The ratio of high class and premium property is very less which can be a saleable and developed area. It has covered only 24% of total market value and volume of properties are growing in Delhi. The largest contribution is being done by only Mumbai.
Now the emerging of Foreign Direct Investment has given the boost to real estate property for last five years. It was 0.04 billion dollars in yester years, but it has raised up to 2.18 in 07-08. Foreign Direct Investment has used 7.82 billion dollars in real estate and housing in India to establish them in real estate sector. It is really a promising act by Foreign Direct Investment to grow in a country like India; on the other hand, it will be very favorable from the point of view structural development of this country. Now a day’s property investment is very good for everyone who wants higher returns of their property in the short span of time.